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Bob Chapek
Jeff Gritchen | MediaNews Group | Orange County Register via Getty Images
(This story is for CNBC Pro only for subscribers).
Walt Disney shares rose after an investor day presentation that was praised and sought after by several leading Wall Street analysts.
The entertainment giant’s shares rose 8% in pre-market trading shortly after Thursday’s investor presentation that saw Disney launch new streaming subscriber numbers and content for the next several years and announce a price hike for Disney +.
Needham analyst Lauren Martin, a leading Wall Street researcher in the internet and media, said in a customer announcement that Disney has already surpassed Netflix as the leader in video streaming.
